- U.S Markets closed higher yesterday.
- Right now U.S futures & Asian markets are lower.
- SGX Nifty is at 17620.
- Yesterday was once again a Fantastic day for the Bulls.
- After Friday's breakout Market showed fresh Expansion and momentum on the higher side.
- 50 DMA of 17516 has been breached decisively yesterday.
- FII's have bought 900 cr yesterday but the rally seemed like they have bought for 9000 crores.
- Now the big question is "What next from here"?
- Generally after 2 days of non - stop rally , big players tend to book profits on the 3rd day.
- Today there are good chances of a Consolidation with mild positive bias.
- Run away rally like yesterday should not be expected.
- I somehow feel Market is expecting some positives In the budget.
- This can be termed as a pre - budget rally for the markets.
- Another Possibility is good corporate results expectations.
- These 2 factors seem to be driving the markets higher.
- We would get better clarity after some days when the event actually happens.
- 17500 PE now has the highest open interest.
- This is because those who sold calls have no option but to sell closer puts to cover their loss.
- India VIX was higher yesterday because the call writers were in fear.
- Nifty might Trade between 17500 to 17750 today.
- stockmarketadvisory.in
- I will not chase the Market today.
- I would look to enter on a 50-70 point dip. My view is only to buy , shorting is not the trade one should take from here.
1. U.S Markets closed lower YESTERDAY. 2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are Positive right now. 6. Last 3 days , there has been a flash crash in all the Global Markets. 7. There was a Mayhem specially in the Japanese Markets. 8. Japan had hiked the interest rate after 15 long years due to which their currency depreciated and it caused a 20,% fall in Japanese markets. 9. There are warnings of U.S recession post the Jobs data report. 10. Israel - Iran war has been taken escalation. 11. All these news have spooked the Global Markets. 12. U.S VIX jumped 400% in last 4 trading sessions. 13. India VIX jumped 50% Yesterday. 14. Although it doesn't impact us at all , it's the nature of markets to react on news. 15. Right now , Nikkei the Japanese index has opened positive 16. 24000-23850 is a very strong and final support. 17. I expect yesterday's low...
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